Menthaoil trading range for the day is 825.3-885.9.
Mentha oil spot at Sambhal closed at 1016.50 per 1kg. Spot prices is down by
Rs.-7.60/-.
Mentha oil settled down driven by weak trend in the spot market on sluggish
demand.
However downside seen limited in the anticipation that current year
production can slip more that 35% due to lower plantings.
As per market survey the total area under Mentha planting has dropped by 20%
to 1.75 lakh ha this season.
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